A interesting fact about Bitcoins
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A interesting fact about Bitcoins
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| Author | Message |
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qbit  Send message Joined: 19 Sep 04 Posts: 630 Credit: 6,868,528 RAC: 0 
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If you would have bought Bitcoins for one hundred bucks seven years ago you'd be sitting on almost seventy five million (!)dollars today! http://www.cnbc.com/2017/05/22/bitcoin-price-hits-fresh-record-high-above-2100.html 
ID: 1868933 ·  |
 betreger   Send message Joined: 29 Jun 99 Posts: 11405 Credit: 29,581,041 RAC: 66 
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If you would have bought Bitcoins for one hundred bucks seven years ago you'd be sitting on almost seventy five million (!)dollars today! Perfect 20/20 hindsight. ID: 1868971 · |
Mr. Kevvy    Send message Joined: 15 May 99 Posts: 3791 Credit: 1,114,826,392 RAC: 3,319 
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ROI-wise, I think the saddest example is Ronald Wayne, Apple's third founder. He sold his 10% share for $800. It would be worth about $70 billion today, and this doesn't include the billions in dividends it would have paid. 
ID: 1868973 · |
Angela   Send message Joined: 16 Oct 07 Posts: 13131 Credit: 39,854,104 RAC: 31
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Ah, the Couldah-Wouldah-Shoulda club... Any other charter members? 
ID: 1869473 · |
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Mr. Kevvy Send message Joined: 15 May 99 Posts: 3791 Credit: 1,114,826,392 RAC: 3,319
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Any other charter members? Excite has a seat at the table... in 1999 some unknowns with nothing but a bunch of code and search algorithms offered to sell them their entire company for only a million. Bah, said Excite. Just a pile of bits and ideas. So they dropped it to $750K. Still no interest. Excite was probably put off by their odd name... .... Google. (actually they tested Google's algorithms and didn't think they performed any better than what they had.)
ID: 1869562 · |
David S  Send message Joined: 4 Oct 99 Posts: 18352 Credit: 27,761,924 RAC: 12
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Mine was less grandiose. When the government sold off Conrail back in the 80s, the IPO was at $28/share. After a 2:1 split, it ended up being bought out by Norfolk Southern and CSX in 1999 at $110. David Sitting on my butt while others boldly go, Waiting for a message from a small furry creature from Alpha Centauri. ID: 1869577 · |
Carlos  Send message Joined: 9 Jun 99 Posts: 30351 Credit: 57,275,487 RAC: 157
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I've had both winners and looser. My first win was as a kid I heard that Rolls Royce had declared bankruptcy. Price was down to 4 cents a share. I thought it would be cool to wall paper my bedroom with Rolls Royce stock. So I bought $200 worth. I figured 5,000 share would be about right to cover my walls. (I didn't know that you don't actually get paper certificates). Well a few days latter the Queen declared that she would invest in Rolls and save the company. Share immediately went to 32 cents a share. I ended up selling at $7.50 to pay for college. Today those same 5,000 share would be worth about $4.3 million. 
ID: 1869581 · |
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